When looking for deductions to add to your taxes, don’t overlook your meal and entertainment expenses. These types of expenses must be “ordinary” and “necessary” to your business or trade and [...]
If you converted your traditional IRA to a Roth IRA in 2012 and paid (or will pay) the tax on the conversion and then watched the value of the account decrease due to an unexpected poor [...]
As you may be well aware, your 2012 tax return filings may have been delayed this year. I would like to make sure you understand why this delay has taken place.
Many of you see us only at tax time, when your main focus is on completing and filing your tax return. As a result, you may not realize that you can ask us questions about long-term tax planning [...]
This time of the year, many employers will request from their employees updated W-4 forms (and the equivalent state form for those who live in a state with income tax). The W-4 form allows you [...]
Have you received all of your W-2s? These documents are essential for completing individual tax returns. You should receive a Form W-2, Wage and Tax Statement, from all of your employers each [...]
What should you do when you receive a letter from the Internal Revenue Service or a state or local tax authority about a tax question or problem? Panic may be the answer that first comes to mind, [...]
Don’t wait around for a paper check. Have your federal (and state, if applicable) tax refund deposited directly into your bank account. Selecting Direct Deposit is a secure and convenient way to [...]
Effective for tax years beginning in 2013, taxpayers can elect a simplified deduction – Safe Harbor Home Office Deduction – for the business use of the taxpayer’s home.
